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Nick Penney
info@nickpenney.com$1,099,800
Est. payment /mo
1,864 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,864 sqft
Price per Sqft $590
Subdivision Banff Trail
MLS® Listing ID A2176903
Style Bi-level
Originating Board Calgary Real Estate Board
Year Built 1962
Lot Size 7,793 Sqft
Acres 7793.0713
Property Description
Prime Investment Opportunity! Excellent legal 4-plex with a prime Banff Trail Location, directly across from West Confederation Park and near the University of Calgary, SAIT, and Lions Park LRT Station. Purpose-built as a 4-plex, this property boasts spacious, well-designed units with desirable amenities. The two upper units, each around 930 sq. ft., feature two sizable bedrooms (one with a walk-in closet), a 4-piece bathroom, a generous kitchen, and an inviting living-dining area complete with a cozy fireplace. Each unit includes a private laundry room for tenant convenience. The two lower units, spanning 869 and 874 sq. ft., are similarly configured, with slight variations such as standard closets and utility rooms, offering 2 bedrooms, a 4-piece bath, and a comfortable living-dining space, also featuring a fireplace and private laundry facilities. All units benefit from recent furnace upgrades (circa 2013) and come with an energized parking stall at the rear of the property. Additionally, a detached triple garage provides further income potential, offering flexibility for tenant storage or extra rental income. With rents currently below market value, this property offers excellent potential for increased revenue. Long-term tenants occupy the property, 2811 side are on month-to-month leases, 2815 side have leases till the end of March 2025. This is an exceptional opportunity to secure a high-demand, low-vacancy property in a prime location with promising returns. (id:24570)
Location
Province AB
Interior
Heating Forced air, , See remarks
Flooring Hardwood, Laminate, Tile
Fireplaces Number 4
Exterior
Garage Yes
Garage Spaces 3.0
Garage Description 3
Fence Not fenced
Community Features Golf Course Development
Waterfront No
View Y/N No
Total Parking Spaces 9
Private Pool No
Building
Lot Description Lawn
Sewer Municipal sewage system
Architectural Style Bi-level
Others
Ownership Freehold
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Nick Penney